PropertyIndex

Mbl Residence

Completed · Q1 2021|492 units · 1 tower

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Mbl Residence is a completed apartment development by MBL Development DMCC in Jumeirah Lakes Towers, Al Thanyah Fifth, comprising 492 registered units. 713 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,017 per sqft. At AED 2,017 per sqft, Mbl Residence prices 10% above the Jumeirah Lakes Towers average of AED 1,829 per sqft on registered sales.

PIX© price · 5.6% YoY
1.98MAED
Typical
2,017AED
PSF
Gross yield
5.9%
PIX© rent ÷ PIX© price
Sale records
713
DLD · all time
Rent contracts
1,694
Ejari · all time
Mbl Residence

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
88 – 2,934 sqft
4921.98M2,0175.6%116K5.9%
Residential
1 Bed · Apartment
751 – 867 sqft
311
2 Bed · Apartment
1,336 – 1,338 sqft
155
3 Bed · Apartment
2,088 – 2,934 sqft
5
Commercial
Shop
735 – 2,097 sqft
16
Store
88 – 255 sqft
5
Sales — Project-Wide713 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Floor Analysis
last 24 months
Median PSF · 80 sales
Floors 2-19 · 35 sales
Floors 23-41 · 45 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
6 Aug 20261 BedFloor 347861,500,0001,908+11.2%Entry LevelPayment Plan Sale
24 Jun 20262 BedFloor 321,3372,500,0001,869+24.6%StandardStandard Sale
14 May 20262 BedFloor 51,3372,072,9971,550StandardStandard Sale
Rentals — Project-Wide1,694 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 565 rentals
Floors 2-39 · 532 rentals
Floors 40-42 · 33 rentals
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
8 Sep 20261 Bed78685,000108Entry Levelrenewal
24 Aug 20262 Bed1,337126,00094Entry Levelrenewal
19 Aug 20262 Bed1,337160,000120Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Jumeirah Lakes Towers

The closest-priced registered projects in Jumeirah Lakes Towers.

Common questions about Mbl Residence

Answered from Dubai Land Department registered transactions.

How much does a property in Mbl Residence cost?

Property in Mbl Residence sells at a current PIX© price of AED 2,017 per sqft, or about AED 1,982,743 for a typical unit, based on 713 sales registered with the Dubai Land Department.

Is Mbl Residence completed?

Yes. Mbl Residence is recorded as completed in the Dubai Land Department project register (completed q1 2021).

Who is the developer of Mbl Residence?

Mbl Residence is developed by MBL Development DMCC, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Mbl Residence?

Mbl Residence yields 5.9% gross, calculated from current PIX© rent against current PIX© sale price, across 1,694 registered Ejari contracts.

How many units are in Mbl Residence?

Mbl Residence holds 492 registered units, per the Dubai Land Department unit register.

Have prices in Mbl Residence gone up or down?

Price per sqft has risen +5.6% over the last 12 months, to AED 2,017, across 713 registered sales.